$3,575,000

8205 SE Harney St Portland, OR 97266

Lents Neighborhood

Estimated payment $20,011/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Home fronts a creek
  • Creek or Stream View
  • Landscaped with Trees
  • 1.55 Acre Lot
  • Corner Lot
  • Creek or Stream

About This Home

Presenting a rare opportunity to acquire three value-add mobile home/RV parks in prime Portland metro locations: (1) 8205 SE Harney St, Portland, OR, (2) 8460 SE Clatsop St, Happy Valley, OR, & (3) 4720 NE 110th Ave, Portland, OR. Each park is connected to city water and sewer, with the ability to bill back utilities. Current rents are significantly below market, offering immediate upside through rent adjustments. Properties are valued at 75% occupancy, creating a strong path to boost NOI by filling vacancies.With several low-income housing incentives available, and located in a metro of over 2.5 million residents, these parks offer resilient cash flow and major long-term potential. Don’t miss out on this rare portfolio with both stability and growth ahead!Investment Highlights-ABILITY TO BILL BACK UTILITIES-RENTS ARE UNDER MARKET-VALUED AT 75% OCCUPANCY-LOCATION: PORTLAND METRO AREA - POPULATION 2.5 MILLION-STABILIZED VALUE - $5,735,000

Listing Agent

Jim Reiter

Columbia Equity Advisors License #26834 Listed on: 08/18/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,381

Year Built

  • Built in 1970

Lot Details

  • 1.55 Acre Lot
  • Home fronts a creek
  • Creek or Stream
  • Corner Lot
  • Level Lot
  • Landscaped with Trees

Interior Spaces

  • 1-Story Property
  • Creek or Stream Views

Schools

  • Whitman Elementary School
  • Lane Middle School
  • Cleveland High School

Utilities

  • No Cooling
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number R714737

Community Details

Overview

  • 26 Units

Building Details

  • Operating Expense $165,525
  • Gross Income $472,919
  • Net Operating Income $307,394

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,381

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1970
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: Acres1to3

Exterior Features

  • Exterior Description: Other
  • Lot Size: 1 to 2.99 Acres
  • Waterfront: Yes
  • View: Yes
  • Lot Features: CornerLot, Level, Stream, Trees
  • Water Body Name: Johnson Creek
  • Waterfront Features: Creek
  • View: CreekStream

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Other
  • Cooling Y N: No
  • Heating: Other
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Whitman
  • High School: Cleveland
  • Middle Or Junior School: Lane

Lot Info

  • Zoning: R7
  • Lot Size Acres: 1.55
  • Lot Size Sq Ft: 67518.0
  • Parcel #: R714737

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 6380.91

Multi Family

  • Unit Type: UnitTypeType1
  • Number Of Units Total: 26
  • Gross Rent Multiplier: 7.56
  • Annual Gross Income: 472919.0
  • Property Net Operating Income: 307394.0
  • Annual Operating Expense: 165525.0

Map

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2025 08/18/25 For Sale $3,575,000 +155.4% --
12/11/2023 12/11/23 Sold $1,400,000 -22.2% --
11/20/2023 11/20/23 Pending -- -- --
11/13/2023 11/13/23 For Sale $1,800,000 -- --
Source: Regional Multiple Listing Service (RMLS)

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 557283272

Regional Multiple Listing Service (RMLS)
Oregon Multnomah County Portland 97206 Lents

8205 SE Harney St, Portland, OR

This home is located at 8205 SE Harney St, Portland, OR 97266 and is currently priced at $3,575,000. This property was built in 1970. 8205 SE Harney St is a home located in Multnomah County with nearby schools including Kelly Elementary School, Lane Middle School, and Franklin High School.

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Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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Jim Reiter
Listing Agent
Jim Reiter
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Columbia Equity Advisors
(503) 676-5320